HomeMy WebLinkAbout3805 l3. lf delault L~ made in paymrnt, wAen due, of any iudebtedncss sccurcd herrby, or in F1fflOfllldlllf of ~ny ol' !ltort-
gtgoi s oUligations, coeenants or agrcenuqt~ hereunder:
(a) \fortgagee is authorized at any time, without no[ice, i~ its wlc dis.retion to entrr upon a~d takc poueufon o[ thr '
preuiises or any pact thcreof, to perform any acts \~ortgagec deems necessary o~ prope~ to consen•e the sccurity and to collec t
and recci~•e al! rentt, iuues and profits thereof, induding those p.ut due as well as those accruing therratter, and
(b) :llortgagee shatt be entidrd, as a mstter of strict right .?nd w~thuut regard to thc ~•alu~ or occupancp ot the sccurit>•,
to hace :a receivet appuinttvi to enter upon and take posseuion of the premises, collect the rents and profits th~re(ron? and apply
the same as the court may direct, such recciver to ha~•e all the rights a~d powers permitted under the laws o[ Florida.
In either such case \iurtg~gee or the recei~•er may also take pouession of, and for these purpos~s use, any and ail {xrsonal
pro{x~rty contained in the premises and uscd by Ato~rtgagor in the rental or le~sing thc~eof or an~ p~rt thercwf. The expensr
~inrluding receiv~r's (ers, courur! fees, costs and agent's compcns.ltion) incurred pursuant to the ~wMers herein co~ttinevl shall
t,e srcarcd hereby. J~ortgage~ ihall (a(ter payment of all costs and exprnsra inturrecll apply such r~nts, issu~s and profits rceriaed
b}• it on the indcUt~dncss sccured hereby in such orde~ as Mortgzgce dctermin~s. ?he ri~ht to enter and take posseuiun o[ s.~id
properq•, to manage and opcrate the sartie, and to collett the rtnts, issucs and profits thereof, wheth~r by a rereirer or othcrwis~•,
shall be cumulatir~ to any other right or remedy h~reunder or ~fforded by law, and may be ex~rcised concurr~ndy therewith
ur independendy thereof. I11o~tgagee shall be liable to account only for such rents, i~sues and profits actually recei~•ed by \tortg~Qer.
14. lf the indebted~~ess secund hereby is now o~ hereatter turther secured by chattel mortgages, plalQes, contracts ot
Guaranty, assignments of l~asrs, or other securities, or if the prernises hereby encumbered consists of more tF~.~n o~~ pa~eel,
\lortgagee may at its option exh:wst any one or tnore o[ said securiti~s and the security hereunder, or such p:ercels uf the se~ urit~~
hereunde~, either concurrendp or indepenclently, :end in such order as it may d~trr~nine.
15 ~ No delay by \fortQ.igee in cxercising :?ny right or remtt1~ hercunder, or oth~nvis~ a((orded by law, shall opcratc as
wsiver thereof or preclude the exercise thereof during the continuance oE any default hereunder. \o wai~~er Ly ~tortgagce oE an~•
default shall constitute a waieer of or consent to subsequent defaults.
16_ ~Yithout af[erting thc liability of any person( other than any prnon r~leasccl pursua~t hereto} for payment of any ;
indebtedness srcureci here6y, and without a[fec:ing the priority or extenr of the lien hereof upon any property not specifically ~
rcleased pursusnt hereto, \fortgagce may at any time and from timr to tirne, without noticc and without limitation as to am•
legal right or pri~~ilege uf Atortgagrr: f LED ANG REC~It~~~ '
(a) Release anp petson liable for a~ment of any indebtcdneu seeured hereb ~VCIE C~uM y
P> y'- IIOOER P~~~Ta~s ~
(b) Extend the time or agrre tu altet the terr.u of payment of any of the indebtcdneu. C~ERK C?WCUIT COUIIT
R~cORn vt~a,~FiED
(c) Accept additional security ot any kind. 244146 D ~
(d) Rclease any property securing the indebtcdness. ~ 1~ ~{~3 1 M'j~
(e) Consent to the creation of any easemrnt ort or o~•er the preinises or any co~•rnants restricting ust or occupancy thereo(.
17. :lny agreemrnt hereafter made by 1?iortgagor and \tortgagee pursuant to this mortgage shall be suprrior to the rights ~
of the holder of any intert-ening lien or rncumbraiue. ~ :
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18. ~iortgagor hereby wai~•es all right oE homestead exemption in the property subject to this mortgage. ~
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19. The co~-enants and aereements herein contained shall bi~d and the benefiu and ad~antages shall inu~e to the rapectice ;
hcirs, c~ecutors, administrators, successon and assigns of the partics hercto. ~~'hcre~•er used, the singular numb.r shalt intlude '
the plural, the plu~al the singular, and the use of any gender shali bt applicable to all genden. All covenants, agrcements and t
undertakings shall be joint and se~~eral. In the e~•cnt additional numbercd co~•enants are for com•enience inserted in this mortgage ~
(ullowing the legal description, such additional cuvenants shall be read and gi~•en effect as though following this co~•er.ant in ~
consecuti~•e order.
20. Any deficiency in the amount of such aggregate monthly p,~yment sha11, unless made gooci oy mr i~~w zs..sv: j,::.,:
the due date of the next such payment, constitute an e~•ent of default under this mortgage. At ;?fortgagee s option, :~iortgagor will ~
pay~ a"tate charge" not eaceeding (our per centum (4~e) of any installmcnt when paid more than fifteen (15) days after thc *
due date thereof to co~•er the extra expense im~oh•ed in handling delinquent pa}-menu, but such "late charge" shall not be payable ~
out of the ptoceeds of any sale made to satisfy the indebtedness secured hereby. unleu such proceeds are sufficient to discharge the "
entire indtbtedne~,.,,,,^.
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T ' ~ . ~ ,l-.~- = ~n ~itness ~hereof j
(CORPORATE S~EqLy. t~e granlor has cnuse~ lhese presenls to ~
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' - ~~e ex~cufe~ in its nnme, antl its corporctle seal to be hereunlo nf
Jixecl, by i!s ;
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j':.. n~ prop~r ojJic~rs tli~rPUnto cluly auf{~oriz~tl. tliP rlay anc~ year ~irst abone u~ritten. ~
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- AMERIC?!lN._ HQM~S , AND--1!!OR'lGAGE~-- INC.--
~erna/ d ~ n & "e~s. ~
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Signecl,'s ~e~i yfi ;~(i ed init{~r presenc-~ o): i
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~.",1~~~""..~"""" I)y"' " ' ./C_~ " " ' ~te~`~r ~ .
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s/~ - ~?illiam L.~_... ?
L- ~,~z~.....[ 1Rn ezs~n r.~;a~a~ ~
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S7'ATE OF FZpRIU~? ~ a
Cc~t'\TY OFST. LUCIE
1 lIEREBY CF.RTIFY that nn ~hia da., btfore mr, an o((ic~r dulr authnrired in tAe Sute and Counl~ afuressid tn tikt xknowkARments, {
a....~,~~. ~Pa~~.d WILLIAM A. ANDERSON and VERA~ L. ANDERSO~id -
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..~II knoMn ~o me to be ~he Pr~side~t and $@C~y and Treasurer respecti~elY o! thc corporatioo named a~ srantor y
in ~he fort[oin~ dnd and that tAtv v.~nll. ' knowlyd~ed eatcu~m~ t6e yame in ~hf pR3tMt o( two wbscribin~ witntixa frc~ly and voluntarilr
under aull~oritj- dulr ~nttd in ~hem h~ said c~~pc.raNon and that the xal a(liatd thueto is tAt uue cor -
purate xal o( said twpora~~on.
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, j_~ES~ ~¢Y 6and and o((icul xal m~he ('ounty and Sutt (ast afwesa~d this Z9~1• day o( ~C e , A. g.~}g 72
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Notary Vu^L•c. Sta'~ n! F?c.r 1a at large
~,'Y`c~i~lt75 Walter E. D3vls ~`Y Comm~ss,~rt E.6:r?s ~rp: 1.
~ ~ - TFIIS IN97RLME"2T PPF~AR[D GY~
~ ' AE35TRAC7 & TiTL'" CORP OF FLA. C „
2C5 5. 2NLi ST. FUriT (-'1_R: E. FLORIOA U~{
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